Technical Radar - Gamuda Bhd
Wed, 28-Oct-2026 07:01 am
by Research Team • Apex Research

GAMUDA (5398)
Last Price (RM)
4.91
Resistance (RM)
R1 — 5.42 / R2 — 5.80
Support (RM)
S1 — 4.66

Technical Commentary:

Gamuda broke above its long-term downtrend line in August and subsequently entered a strong uptrend. The stock has recently edged above its downward channel and continues to trade above all key EMAs, suggesting potential for further upside. The MACD is showing signs of stabilisation, with a sustained rise potentially triggering a bullish crossover, while the RSI remains above 50, indicating that the underlying bullish momentum is still intact.

We expect further upside towards RM5.42 and RM5.80, while the stop-loss is set at RM4.66.

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.072837 4.105410
EUR 4.553491 4.558058
CNY 0.613003 0.613635
HKD 0.519427 0.523070
SGD 3.179278 3.201684